Tuesday, July 15, 2014

Alba Mineral Resources Gets a New Lease of Energy

Alba Mineral Resources stock (LSE:ALBA) has been given a new lease of energy. This means the price has gotten some stamina and should continue going upwards, following the sudden jump up (a significant bullish breakout).

The price broke out significantly from the area of the Upper Trendline. This ended the many months of boring equilibrium phase in the market. Following the jump up in the market, the RSI period 14 has gone into the overbought area, underlying the conspicuous strength in the market. While normal bearish corrections are expected along the way, the market could reach the resistance levels at 1.5 and 2.0 respectively. It could even go beyond them.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals

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